The economic boom between 2002 and 2006 was primarily a result of
A) a reduction in stock prices along with rising oil prices.
B) a sharp reduction in the real price of resources and wages.
C) an increase in both housing and stock prices.
D) an increase in both resource prices and interest rates.

Question

Quizplus · Accepted Answer

The economic boom between 2002 and 2006 was largely due to an increase in both housing and stock prices. This was driven by easy access to credit and low interest rates, which encouraged borrowing and increased consumer spending.

The Economic Boom Between 2002 and 2006 Was Primarily a Result